Peoples Bank of Virginia in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Peoples Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 57364
    Status: Active
    Federal Reserve ID: 3101775
    Date Established: April 15, 2002
    WWW: http://www.pbva.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 362555
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 15, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2702 North Parham Road, Richmond, VA 23294
    County: Henrico
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $285.9 mil
    Equity capital: $39.1 mil
    Deposits held in domestic offices: $246.3 mil
    Return on assets (ROA): 0.72% ($2.1 mil)
    Quarterly return on assets: 0.77% ($2.2 mil)
    Return on Equity (ROE): 5.50% ($2.1 mil)
    Quarterly return on equity: 5.75% ($2.2 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.09% ($3,116.3 mil)
    Quarterly Pretax return on assets: 1.16% ($3,316.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $285,898Total assets
  • $81,748Cash and due from depository institutions
  • $77,364Interest-bearing balances
  • $14,864Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,439Net loans & leases
  • $3,948Loan loss allowance
  • $0Trading account assets
  • $3,529Bank premises and fixed assets
  • $175Other real estate owned
  • $0Goodwill and other intangibles
  • $285,898Life insurance assets
  • $4,143All other assets
  • $246,800Total liabilities and capital
  • $246,263Total liabilities
  • $208,189Total deposits
  • $246,263Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $537Subordinated debt
  • $39,098All other liabilities
  • $39,098Total equity capital
  • $39,098Total bank equity capital
  • $0Perpetual preferred stock
  • $10,080Common stock
  • $13,195Surplus
  • $15,823Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,236Income earned, not collected on loans
  • $32Earning assets
  • $738Long-term assets (5+ years)
  • $273,667Average Assets, year-to-date
  • $6,416Average Assets, quarterly
  • $290,616Volatile liabilities
  • $290,117Insider loans
  • $188,017FHLB advances
  • $291,616Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,071Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,716Restructured Loans and leases
  • $10,215Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,456Total interest income
  • $3,507Total interest expense
  • $8,949Net interest income
  • $1,250Provision for loan and lease losses
  • $515Total noninterest income
  • $0Fiduciary activities
  • $308Service charges on deposit accounts
  • $0Trading account gains & fees
  • $207Additional noninterest income
  • $5,057Total noninterest expense
  • $3,063Salaries and employee benefits
  • $334Premises and equipment expense
  • $1,660Additional noninterest expense
  • $3,157Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,062Applicable income taxes
  • $2,095Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,095Net income attributable to bank
  • $0Net charge-offs
  • $2,095Cash dividends
  • $1,338Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 5.50%Return on equity (ROE)
  • 5.50%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 93.42%Credit loss provision to net charge-offs
  • 3.29%Efficiency ratio
  • 53,434Assets per employee
  • 7.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 122.00%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 73.68%Net loans and leases to core deposits
  • 84.58%Equity capital to assets
  • 13.68%Core capital (leverage) ratio
  • 13.40%Tier 1 risk-based capital ratio
  • 20.78%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $290,616Average earning assets
  • $38,069Average equity
  • $278,176Average loans

List of branches

  • 4 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362555Peoples Bank Of Virginia2702 North Parham Road, Richmond, VA 23294April 15, 2002Full Service Brick and Mortar
    1363502Hopkins Road Branch5734 Hopkins Road, Richmond, VA 23234April 15, 2002Full Service Brick and Mortar
    2422452Courthouse Branch6951 Commons Plaza, Chesterfield, VA 23832July 01, 2002Full Service Brick and Mortar
    3442307Midlothian Branch14441 Sommerville Court, Midlothian, VA 23113November 15, 2004Full Service Brick and Mortar

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